Interest rates are low and will go down further
With prevailing low-interest rates, it’s never been cheaper for investors to own a property. Sure, the share market is volatile, but our property markets are underpinned by the fact that 70% of property owners are homeowners who are there for the long term. They’re not going to sell up their homes – they’d rather eat dog food than give up their homes.
Population Growth
Australia’s population is growing by around 360,000 people per year, meaning we need to build around 180,000 new dwellings each year to accommodate all the new households.
More renters
Australia’s population is growing by around 360,000 people per year, meaning we need to build around 180,000 new dwellings each year to accommodate all the new households.